MECAMAX: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MECAMAX
Largest movements
- Cash -€9,499
down €9,499 (-86.5%), from €10,988 to €1,488
mainly Debts after one year (-€9,530) and Net result for the year (-€5,471)
- Tangible fixed assets -€7,352
down €7,352 (-9.6%), from €76,720 to €69,367
of which Land and buildings: -€5,265
- Receivables within one year +€1,528
up €1,528 (+439.0%), from €348 to €1,876
of which Trade receivables: +€1,560
- Debts after one year -€9,530
down €9,530 (-15.2%), from €62,503 to €52,973
- Profit (loss) carried forward -€5,471
down €5,471 (-156.6%), from -€3,493 to -€8,964
- Trade debts -€1,844
down €1,844 (-94.1%), from €1,960 to €116
- Other debts +€1,422
up €1,422 (+44.9%), from €3,167 to €4,589
- Gross operating margin -€13,680
down €13,680 (-78.0%), from €17,537 to €3,857
- Other operating charges -€1,377
down €1,377 (-68.2%), from €2,020 to €643
- Taxes -€515
no longer reported in 2025 (was €515)
- Financial charges +€474
up €474 (+30.2%), from €1,571 to €2,046
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,196 | €73,093 | -€16,103 | -18.1% |
| Fixed assets | 21/28 | €76,720 | €69,367 | -€7,352 | -9.6% |
| Tangible fixed assets | 22/27 | €76,720 | €69,367 | -€7,352 | -9.6% |
| Land and buildings | 22 | €70,650 | €65,385 | -€5,265 | -7.5% |
| Plant, machinery and equipment | 23 | €1,205 | - | -€1,205 | |
| Furniture and vehicles | 24 | €865 | €482 | -€383 | -44.2% |
| Other tangible fixed assets | 26 | €4,000 | €3,500 | -€500 | -12.5% |
| Current assets | 29/58 | €12,476 | €3,725 | -€8,751 | -70.1% |
| Amounts receivable within one year | 40/41 | €348 | €1,876 | +€1,528 | +439.0% |
| Trade receivables | 40 | €317 | €1,876 | +€1,560 | +492.3% |
| Other amounts receivable | 41 | €31 | - | -€31 | |
| Cash at bank and in hand | 54/58 | €10,988 | €1,488 | -€9,499 | -86.5% |
| Deferred charges and accrued income | 490/1 | €1,140 | €361 | -€780 | -68.4% |
| Total equity and liabilities | 10/49 | €89,196 | €73,093 | -€16,103 | -18.1% |
| Equity | 10/15 | €9,837 | €3,653 | -€6,184 | -62.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,493 | -€8,964 | -€5,471 | -156.6% |
| Investment grants | 15 | €7,130 | €6,417 | -€713 | -10.0% |
| Amounts payable | 17/49 | €79,359 | €69,440 | -€9,919 | -12.5% |
| Amounts payable after more than one year | 17 | €62,503 | €52,973 | -€9,530 | -15.2% |
| Financial debts | 170/4 | €62,503 | €52,973 | -€9,530 | -15.2% |
| Amounts payable within one year | 42/48 | €16,184 | €15,795 | -€388 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €9,401 | €9,530 | +€130 | +1.4% |
| Trade debts | 44 | €1,960 | €116 | -€1,844 | -94.1% |
| Suppliers | 440/4 | €1,960 | €116 | -€1,844 | -94.1% |
| Taxes, remuneration and social security | 45 | €1,656 | €1,560 | -€96 | -5.8% |
| Taxes | 450/3 | €1,656 | €1,560 | -€96 | -5.8% |
| Other amounts payable | 47/48 | €3,167 | €4,589 | +€1,422 | +44.9% |
| Accrued charges and deferred income | 492/3 | €672 | €671 | -€0 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,522 | €7,352 | -€169 | -2.2% |
| Other operating charges | 640/8 | €2,020 | €643 | -€1,377 | -68.2% |
| Gross operating margin | 9900 | €17,537 | €3,857 | -€13,680 | -78.0% |
| Operating profit (loss) | 9901 | €7,995 | -€4,139 | -€12,134 | |
| Financial income | 75/76B | €713 | €713 | -€0 | -0.1% |
| Recurring financial income | 75 | €713 | €713 | -€0 | -0.1% |
| Financial charges | 65/66B | €1,571 | €2,046 | +€474 | +30.2% |
| Recurring financial charges | 65 | €1,571 | €2,046 | +€474 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €7,138 | -€5,471 | -€12,609 | |
| Income taxes | 67/77 | €515 | - | -€515 | |
| Profit (loss) for the period | 9904 | €6,622 | -€5,471 | -€12,093 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,622 | -€5,471 | -€12,093 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.